Business owners who care only about making money are
a. likely to discriminate against certain groups of workers.
b. likely to be replaced by discriminating businesses.
c. more concerned about racial discrimination than gender discrimination.
d. at an advantage when competing against those who practice discrimination.
d
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Nominal GDP is measured by calculating real GDP at constant prices
Indicate whether the statement is true or false
If in some production range average cost is rising, the firm is experiencing
A. increasing returns to scale. B. decreasing returns to scale. C. constant returns to scale. D. increasing costs per unit of output.
What method is often used when both parties want to eliminate information asymmetry
A. Screening. B. Signaling. C. Statistical discrimination. D. Moral hazard.
In 2011, the average American paid approximately how much to the federal government in taxes?
a. $2,000 b. $2,500 c. $8,000 d. $10,500